Experian PLC (EXPN.LN) said Thursday that pretax profit for the year fell 7% in fiscal 2018 and that it expects to launch a new share-buyback program of up to $400 million.
The consumer-credit reporting agency said profit for the year ended March 31 fell to $994 million from $1.07 billion in fiscal 2017. Revenue for the year rose 8% to $4.66 billion, the company said.
Experian said it completed a share-buyback program of $566 million during the year and now plans to launch a new scheme worth up to $400 million.
The company raised its final dividend for the year to 31.25 cents a share, increasing the total dividend for the year 8% to 44.75 pence.